fibonacciconfluencezones

An almost perfect pattern is very, very close to completion and it's a beauty, textbook cypher pattern.
Why ?
AB leg retraces to 0.382 of XA-leg
BC falls perfectly in between 1.272 and 1.414
CD completion at 0.786 has perfect Fibonacci confluence (see chart)
On top of that we have a previous support level that ...

Hello Traders,
Here we have a valid bearish cypher pattern on FX:GBPAUD, that is coming close to its completion point. After adding few Fibonacci extensions and inversions, I was able to obtain 3 Fibonacci confluence zones and all of them are located between our short entry (1st zone from the bottom) and the X ...